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2011-2012 Budget Information

2011-2012 Budget Information. OUR School District…OUR Children. Budget Process. At all times during the process, the goal is to maintain the highest quality of excellence in our educational program for our students as possible. Our students’ needs come first!. 2. Budget Process.

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2011-2012 Budget Information

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  1. 2011-2012 Budget Information

  2. OUR School District…OUR Children

  3. Budget Process At all times during the process, the goal is to maintain the highest quality of excellence in our educational program for our students as possible. Our students’ needs come first! 2

  4. Budget Process Administration examines the set costs as determined by contractual obligations, projections for health care, projections for operational costs, etc. Administration reviews and studies enrollment projections and, after registration time, includes actual numbers into enrollment projections for 2011-2012. Following this, staffing changes are planned. Building and cost site administrators submit budgets according to the budget calendar distributed in early fall. The building principals are given a per pupil and building allocation amount for planning that covers everything but salaries and operations: Elementary $208 Middle $215 High School $242 An early retirement incentive plan resulted in salary savings. Health Care rates are at a historical low. No new additional programs were added. 3

  5. Budget Overview 2011-2012 Agenda • Budget Process • Revenue • Index • Assessments • Summary Budget • Expenditures • Cost Increases • Cost Reductions • Conclusion

  6. Sources of Revenue Revenue is comprised of four sources: local, state, federal and fund balance. • Local revenue sources include real estate taxes, Per Capita taxes, tuitions, earnings on investments and miscellaneous revenue. • State revenue sources include state subsidies for Basic Education Funding, Special Education, and Transportation, State Property Tax Relief, Reimbursement for Retirement payments. • Federal revenue source consists of Title I & II funds that have restricted uses. • Fund balance is the difference between net assets and liabilities and results when revenues are greater than expenditures. It’s often referred to as asavings account, but does not consist of only cash.

  7. The Act 1 Index • The Act 1 Index is a result of the Taxpayer Relief Act of 2006, which establishedlimits on tax increases. The Index is calculated based on the percentage of increase in the State Wide Average Weekly Wage (SAWW) and the percentage increase in the national Education Cost Index (ECI). The SAWW is determinedby the Department of Labor and Industry in the same manner as the Unemployment Compensation Law and it is calculated on the previous calendaryear. The ECI is also based on the previous 12-month period beginning July 1stthrough June 30th using Elementary and Secondary school data reported by theBureau of Labor and Statistics. Fiscal Year 11/12 10/11 09/10 08/09 07/08 06/07 SAWW $855 $847 $825 $788 $756 $735 ECI 114 112 109 105 101 97 SAWW % + 0.9% 2.7% 4.6% 4.3% 2.8% 4.2% ECI % + 1.9% 3.0% 3.6% 4.5% 4.0% 3.5% Base Index 1.4% 2.9% 4.1% 4.4% 3.4% 3.9%

  8. Revenue

  9. Tax History

  10. Delaware County School District Proposed Mills Ranked by Mills - June 2011

  11. Delaware County School District Proposed Mills Ranked by Percentage - June 2011

  12. Assessment – Ten Year History

  13. Revenue Budget Comparison

  14. Revenue Budget Comparison

  15. Revenue Summary

  16. Local Revenue

  17. Local Revenue

  18. Loss of $1.1 million in state revenue Zero increase in federal revenue 1 millage point (mill) is equal to approximately $2.77 million 2010-2011 Real Estate Taxes are 22.2522 mills 2011-2012 Real Estate Taxes are 22.2522 mills for a 0% increase. Act 1 Index is 1.4% 2010-2011 Homestead exemption $206 2011-2012 Homestead exemption $207 Average homeowner assessment is $205,173 Average homeowner tax bill is $4,566 The use of $4.6 million in fund balance Key Facts and Figures of the Revenue Budget. -- Key Points -- 17

  19. Unfortunately, even with the budget we have, there are cuts to the fund balance. -- Fund Balance Reductions -- • 2007/2008 • $2.3 million • 2008/2009 • $2.1 million • 2009/2010 • $2.5 million • 2010/2011 • $4.9 million • 2011/2012 • $4.6 million

  20. Budget Process Revenue Index Assessments Summary Budget Cost Increases Salaries Debt Services Special Education Expenditure Budget for 2011-2012 is $80,637,784 Agenda 19

  21. Rose Tree Media School District’s Expenditure Budget for 2011-2012 • Summary Budget • Cost Reductions • Early Retirement Incentive Plan • Health Care Rates • Professional Services • Security • Substitutes • Supply and Equipment Requests • Budgetary Reserve -- Agenda --

  22. In accordance with the Pennsylvania Department of Education expenditures are categorized by objects and functions. Objects Salaries - wages for all school district employees Benefits - health care, tuition reimbursement, retirement and social security Contracted Professional Services – tuition to the Intermediate Unit, legal and auditing services Purchased Property Services - utilities, repairs and rentals. Other Purchased Services - transportation, property insurances, advertising, tuitions and travel Supplies- books, general supplies and natural gas. Equipment - computers, furniture and vehicles Other objects – interest on bonds, dues and fees Other Uses of Funds – bond principal and fund transfers Expenditure Budget for 2011-2012 21

  23. Expenditure Comparison by Object

  24. Expenditure Comparison by Object

  25. In accordance with the Pennsylvania Department of Education expenditures are categorized by objects and functions. Functions 1000Instruction-regular, special, vocational, alternative education programs and the Delaware County Community College 2000 Support Services-guidance, administration, student health, business, operations and maintenance, student transportation, staff and technology services 3000 Operations of Non-Instructional Services-athletics, student activities, and community services 5000 Other Expenditures and Financing Uses-debt service, fund transfers, and budgetary reserve Expenditure Budget for 2011-2012 is $80,637,784 24

  26. Expenditure Comparison by Function

  27. Expenditure Comparison by Function

  28. Rose Tree Media School District’s Expenditure Budget for 2011-2012

  29. 1.4% Reduction in Expenditures from 2010-2011 Budget Historic Low Health Care Rates 0% Salary Increase for Administrators Maintain Current Programs Reduction in Utility Costs Early Retirement Incentive Plan Key Facts of the Expenditure Budget. -- Key Points -- 28

  30. Summary Budget Budget Final Expenditures 2010-2011 2011-2012 Instructional 1000 $44,183,057 $44,353,330 Support Services/ 2000 26,431,003 25,067,291 Operations Non-Instructional Services 3000 1,317,053 1,411,813 Other Financing Services 5000 9,879,5689,805,350 Totals $81,810,681 $80,637,784 Budget Final Revenues 2010-2011 2011-2012 Local 6000 $65,368,067 $65,703,346 State 7000 11,093,727 9,923,162 Federal 8000 375,000 375,000 Sub Totals $76,836,794 $76,001,508 Fund Balance 4,973,887 4,636,276 Totals $81,810,681 $80,637,784

  31. Challenges • Tax Appeals • Loss of State Funding • Charter School Reimbursement • Dual Enrollment Reimbursement • Basic Education Subsidy • Social Security Reimbursement • Unfunded Mandates • Charter School Tuition • Alternative Education • Special Education • Future Retirement Costs

  32. Highlights • Zero Percent Tax Increase • 2011-2012 Homestead exemption $207 • Average homeowner assessment is $205,173 • Average homeowner tax bill is $4,566 • Maintain Current Programs • An Award Winning District

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